NETSOL extends 29-year alliance with global auto giant

MG News | December 17, 2025 at 04:39 PM GMT+05:00

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December 17, 2025 (MLN): NETSOL Technologies Limited (PSX: NETSOL) has signed a contract extension worth approximately $50 million with a tier-one global auto captive.

The deal further strengthens a partnership between the two sides that dates back nearly three decades.

In a notice issued to the Pakistan Stock Exchange, the company said the agreement extends the customer’s use of its flagship Transcend Finance platform for a further four years, covering maintenance and licensing services.

The customer, described as a long-standing global auto captive, has been working with NETSOL since 1996.

The latest extension builds on a previously announced multi-country contract exceeding $100 million, signed in 2015, under which NETSOL successfully deployed its platform across 12 international markets.

With the renewed agreement, the customer will continue to leverage Transcend Finance’s end-to-end lease and loan lifecycle management capabilities.

The contract extension indicates NETSOL’s strong foothold in the global automotive finance software market.

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